Verybadcreditloans (www verybadcreditloans org uk) Site review


URL: verybadcreditloans.org.uk
Title: Bad Credit Loans – Loans with Bad Credit – Very Bad Credit Loans
Description: VERYBADCREDITLOANS.ORG.UK can arrange Bad credit loans, Very bad credit loans, Bad credit unsecured loans, Loans with bad credit and Fast unsecured loans in simple and easy process.
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Updated 26 Sep 2011
 
 

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Bonje [ 2 ]  2012.07.31
Yes, it's possible to fix your cderit yourself. With a little hard work and perserverance, and patience, you could get it back up there. What you have to understand is what makes up your cderit score:1. Payment history- 35%2. Total debt owed to avialable cderit ratio-30%3. Length of time establishing cderit-15%4. Types of cderit established-10%5. Inquiries and New accounts-10%With that in mind, this is some steps that you should do in order to get yourself in a better financial position to rebuild your score:1. Open a checking and savings account if you haven't already. While this won't directly affect your cderit score, it does many things. It re-establishes a relationship between you and a financial institution, which by being an customer in good standing, could help make it easier to get approved for cderit cards and loans. Most importantly, by opening a checking accountit gives you the single most powerful tool in building cderit, to help pay your bills on time, especially if the bank offers online billpay. 2. Gather ALL your cderit reports- It's important to know exactly what's on your reports. A lot of times, people believe that their cderit is so bad, that they don't bother to check their reports for mistakes, and trust me, mistakes DO happen. The cderit bureaus don't get paid to be accurate, they get paid to report. It's important that you gather reports from all 3 agencies to determine not just who and how much you owe, but to make sure that what's on there is even correct. If you do happen to find something that you're sure is not right, you should dispute with all 3 agencies, they all have an online dispute feature in which you can dispute the item. Once you've made sure that there's no inaccuracies on your report, then you should arrange your debts from most recent and lowest amount to oldest and highest amount. Debts that are newer than 2 years are hurting your score the worst and should be handled first. What you should know that just paying off debts, especially collection debts will not help your score. A pay to delete or deletion payment , which is a payment in exchange for removing it from your report completely. I posted several links that explains this more in detail.If you're sucuessful, this will help your score.3. Open new cderit- I had mentioned in #1, about opening a checking and savings account with a bank or cderit union, I'm going to tie that in with what I'm about to say. Some major banks (Bank of America, Wells Fargo, USBank, Orchard Bank) and some cderit unions offer secured cderit cards, which are cderit cards that require a deposit to establish cderit. Whatever you deposit would be the cderit line, for example, if you deposited $300, then your cderit line would be $300. The deposit isn't used to pay for what's purchased on the card, you would still need to either pay in full or make monthly minimum payments. The deposit is used only if the account becomes delinquent and goes to collections. A couple of good thi